Tata Motors confirms air car project

News Flash

SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
NO PLANS TO OFFER HOME LOANS AT 8%: NW
OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
OVER 7% GROWTH ACHIEVABLE IN FY'11
TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
BSE PSU INDEX UP 4.77%, REALTY UP 4.4%, METAL INDEX UP 4%
INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
GETS U.S. FDA NOD FOR GENERIC ACULAR
TO RAISE UPTO $300 MN VIA FCCBS
EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA

Updated: 24/02/2008 | 11:54 AM IST

Top Stories

Tata Motors confirms air-car project

Indo Asian News Service

Sunday, February 24, 2008 (London)

Blog

Comments:

Read (0)

Post

Rate the story

Tata Motors Ltd has confirmed that it is collaborating to develop an air-powered car with French inventors.Tata Motors Managing Director Ravi Kant told that his group last year signed an agreement with MDI, a private French company developing cars driven by compressed air.

"It's a very exciting concept, this way of running a car. We hope something will come out of it," Kant said.

He confirmed Tata Motors had the technology rights for India and was "studying whether it can be used".

Tata was looking at applying the technology for both mobile and stationary uses, he added.

Reports last week said Tata was looking at the feasibility of applying the technology to power generation. According to MDI, which is based near Nice, compressed air technology can be applied to emergency generators.

Guy Negre, the French engineer who is working on the invention, was quoted saying last week his five-seater OneCat, with zero emissions in cities, will be marketed within a year.

"The first buyers of the air car will be people who care about the environment," Negre said, adding: "It also has to be economical."

However, Kant stated that the group had "not yet announced when we will have a car".

A representative of the French company said Tata had bought rights to its engine, but not its car concept.

The paper said the car would be run by compressed air tanks at speeds below 50 km per hour, and by petrol, diesel or another fuel at high speeds.